Varada Marine are
bravely entering the offshore support vessel
market at a time when it appears that regardless
of the requirements or not for offshore ships,
existing players are ordering new vessels.
Meanwhile the spot market is full of large ships
waiting to do something useful.

As far as can be
ascertained they do not have any sort of a track
record in shipping, so it looks likely to be an
exciting ride for them. They were founded in
April 2010 and have the goal "to become one of
the largest offshore vessel companies in the
world within the next decade" Their first vessel
has just been delivered. (February 2011)

At the 2013
review the company has eight moderately sized
anchor handlers in service and a further
10 ships on order all from the ABG yard in
India.

Now a year on,
at the 2014 review, no further ships have been
delivered although there are 7 anchor-handlers
and 3 PSVs on order for deliver in 2015 and 2016